Prop­erty ty­coon on US fi­nance TV show

Kentish Express Ashford & District - - Front Page -

MIL­LION­AIRE prop­erty ty­coon Fer­gus Wil­son has only sold about 20 homes from his prop­erty port­fo­lio since an­nounc­ing his re­tire­ment in March.

He and his wife Ju­dith are sell­ing off their Ash­ford and Maid­stone port­fo­lio of about 700 homes. The 62-year-old stands to bank about £70 mil­lion in profit from the prop­erty sales.

But Mr Wil­son is still busy, hav­ing just been in­ter­viewed by money guru Alvin Hall for an Amer­i­can tele­vi­sion se­ries. He said: “They asked me whether I thought land­lords in gen- eral were de­priv­ing first-time buy­ers of prop­erty. I think not and a cou­ple of years ago it was a ques­tion of let the buyer be­ware.

“There were all these fan­tas­tic mort­gages for flats and first-time buy­ers were keen to get in­volved that this is what they did. Then when they came out of the fixed rate they sud­denly re­alised they couldn’t af­ford it any more.

“It was good sense for me to buy the houses be­cause they weren’t sell­ing, be­cause ev­ery­one else was buy­ing the flats.”

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